Reinsurance News

Lockton strengthens its Intangible Asset and Contingent Liability practice with new hires

30th May 2023 - Author: Akankshita Mukhopadhyay

Global insurance broker Lockton has announced the addition of Jason Sandler and Craig Taylor to its Intangible Asset and Contingent Liability practice.

This division operates within the broader Transaction Liability practice and focuses on providing innovative solutions to address the challenges associated with intellectual property (IP) matters and associated credit and monetisation strategies, including Collateral Protection Insurance.

In their new roles, Sandler and Taylor will offer expert advice to Lockton’s clients regarding the placement of coverages that support the residual value of IP assets.

They will also collaborate with Michael Perich, Head of Litigation Insurance, to develop policies that provide support for IP-related disputes and litigations.

Gaurav Sud, Partner and Co-Practice Leader at Lockton, expressed his enthusiasm for the new additions to the team, stating, “The addition of Jason and Craig to our team represents a further commitment from Lockton to provide cutting-edge solutions to the challenges facing our clients.”

AmericanAg - Global Reinsurance Solutions

Sud emphasised the increasing importance of IP assets in the context of technological development and macro-economic uncertainty, acknowledging that the expertise brought by Sandler and Taylor will help clients extract value from their IP assets.

Sandler joins Lockton from another global insurance brokerage, where he served as an IP attorney at Cravath, Swaine & Moore before transitioning to the insurance sector.

Taylor, on the other hand, brings over a decade of experience in the insurance industry and is recognized as a thought leader in Collateral Protection Insurance.

Both Sandler and Taylor expressed their excitement about delivering innovative insurance solutions to Lockton’s clients.

Sandler noted, “At the same time, we understand that our clients are best-served by marrying client-driven innovation with insurance carrier collaboration as we break new ground.”

Taylor echoed this sentiment, stating, “Our goal is to create an IP-focused insurance strategy that will be sustainable for the long term for all stakeholders in the process, and deliver results for years to come.”

Print Friendly, PDF & Email

Recent Reinsurance News